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RubberPny t1_jc3ab5f wrote

Reply to comment by illiter-it in U.S. government agencies may have been double billed for projects in Wuhan, China, records indicate; probe launched by Jamalginsbergback

Private as well. Let me give you an example. My former job had a property with a few "trailers" on it, that it was using as temporary offices. Said trailers cost, $20,000 each to outright buy. Ok so 2 trailers x $20,000 = $40,000, not bad to own 2 good to go offices. Turns out, they did not buy them, they used a "rental" from the trailer company, where they were paying $2000/month.....for 20 years, a total of $960,000 wasted on rentals over a 20 year period, when they could have outright bought them for $40,000. Of course, no one in finance caught this, they were just writing the check each month for the rental, without a review of bills payable. When the CEO learned of this, the trailers were gone within one week. LOL

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outerproduct t1_jc408sv wrote

Thems some fine $1M trailers. They come with a Ferrari, too?

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RubberPny t1_jc41n18 wrote

We were thinking that someone in the trailer rental company were probably crying that day once they found out the offices were being sent back. 😂

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Demmetros t1_jc52dac wrote

You'll get a Rolls-Royce... As long as ya pay for it

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Standard_Wooden_Door t1_jc4b2o0 wrote

Auditor here. It’s not our job to figure out if the company is pissing money away. It’s our job to provide reasonable assurance that those transactions are recorded properly. Unless it is fraud or the company is in danger of folding, we don’t care if the company is making poor choices.

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Honalana t1_jc6tazg wrote

An entity I worked for got an award because an audit was able to clearly track all the money they spent. Not that the money was well spent. Basically just that the money was accounted for. And they would tout this award as if it showed they were fiscally responsible but it didn’t. Irritates the shit out of me.

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